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Jan 22, 2014
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or take ibm. oh, take ibm, here's a company that has warren buffett as the largest shareholder, lofty goals that the oracle of omaha believes in. he's liked it because it's cheap and massive buyback. buffett's an icon, ibm's an icon. last night we learned ibm's faltering and faltering badly. putting up earnings and sales numbers that i say were extremely disappointing. sure, the company might hit the long-term earnings per share targets, but it's getting there with buybacks and lower tax rates, gimmickry but not revenues or cash flows. to me ibm has become the absolute opposite of what buffett normally likes. a company outmoded by better mouse traps. i looked at a 1998 interview that buffett did with bill gates of all people. and in it, buffett said i look for businesses in which i can predict they're going to look like in 10 or 15 or 20 years. that means businesses that will look more or less so as they do today, except they'll be larger and doing more business internationally, end quote. with th
or take ibm. oh, take ibm, here's a company that has warren buffett as the largest shareholder, lofty goals that the oracle of omaha believes in. he's liked it because it's cheap and massive buyback. buffett's an icon, ibm's an icon. last night we learned ibm's faltering and faltering badly. putting up earnings and sales numbers that i say were extremely disappointing. sure, the company might hit the long-term earnings per share targets, but it's getting there with buybacks and lower tax rates,...
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Jan 22, 2014
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at ibm and at coach. shares of ibm have been down today, that's the big drag on the dow right now. they are down almost 3.5% at $181.85. ibm missed its revenue expectations last quarter. the company released its numbers last night, saying the numbers were hurt by a lack of demand for servers and storage equipment. then of course, there is coach. the shares there are down as well, now down 7%. the company said sales dropped more than predicted during the holiday shopping season. coach shares are down a full 20% in a year. same store sales down 13.6%, the third straight quarterly decline. now you're all set. ty, over to you. >> you wouldn't bet on a football team without knowing the coach. don't pick a stock without knowing the ceo. >> you just make me smile, jim cramer. jim cramer has a great new book called "get rich carefully." chapter five, he plays a game of 21, the bankable 21. it's about 21 ceos who are leading companies with stocks you should consider for your portfolio. we will go through those 21 ceos over the next three days. today, we will start with seven. this is really
at ibm and at coach. shares of ibm have been down today, that's the big drag on the dow right now. they are down almost 3.5% at $181.85. ibm missed its revenue expectations last quarter. the company released its numbers last night, saying the numbers were hurt by a lack of demand for servers and storage equipment. then of course, there is coach. the shares there are down as well, now down 7%. the company said sales dropped more than predicted during the holiday shopping season. coach shares are...
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Jan 22, 2014
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ibm is $56 off its 52-week high. the new ceo, you got to wonder if the old ceo left at exactly the right time, if you catch my drift. she kind of inherited -- >> let me tell you something. >> go ahead. >> when i was a full-timer, i was on set when that was announced and the first thing we said was, was he getting out when the getting was good. it seemed to come out of nowhere. by the way, don't forget, the cfo who is also behind the road map is going, too. >> those were the halcyon days when you were here on set with us. >> yes. i will be there next week. >> send me back my pants. stick around because it is a big year on cnbc. celebration of our 25th anniversary. we are unveiling the nominees for the cnbc first 25 leaders, icons and rebels, a list of 200 people who have had the greatest influence, sparked the biggest changes and created the most disruption in business over the past quarter century. we got 200. we will narrow that list down to the top 25 over the next couple of months. this is where it's important. pu
ibm is $56 off its 52-week high. the new ceo, you got to wonder if the old ceo left at exactly the right time, if you catch my drift. she kind of inherited -- >> let me tell you something. >> go ahead. >> when i was a full-timer, i was on set when that was announced and the first thing we said was, was he getting out when the getting was good. it seemed to come out of nowhere. by the way, don't forget, the cfo who is also behind the road map is going, too. >> those were...
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Jan 22, 2014
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ibm is down $7. so 50 of the down points that we got here is due to a single stock, ibm a high-priced stock that's influencing the markets. enough about that. let me move on and talk about things. real stock pickers, mark. i don't like that word. it really is true in 2014. so put up multi-industry. usually the stocks sell different products across many different countries move in line. they're t not at all. they're splitting. so text tron had good earnings and good moves. parker, they narrowed their outlook. 10 percentage point difference in multi-industry group here. very unusual. stocks are diverging nowadays. look at the rails. generally very good news on the rails. norfolk southern had a good day. you can see that's differentiating. they're all up. doing much better than the overall group. not so can retail where everything is just kind of lousy. did you see what coach said this morning overall here? first off, substantially lower traffic. same-store sales down 13.6%. 7% in december. those are ve
ibm is down $7. so 50 of the down points that we got here is due to a single stock, ibm a high-priced stock that's influencing the markets. enough about that. let me move on and talk about things. real stock pickers, mark. i don't like that word. it really is true in 2014. so put up multi-industry. usually the stocks sell different products across many different countries move in line. they're t not at all. they're splitting. so text tron had good earnings and good moves. parker, they narrowed...
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Jan 18, 2014
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ibm. because it has disappointed so badly. i think the company needs to layout a very positive view of the whole of 2014 to get back on track. the only reason the stock is lower is warren buffet. we want diminished expectations. does anyone expect anything better, coach, yet, you know what, the stock is still well off its lows, it hasn't fallen like michael kors him so i'd be careful. we also get results from norfolk southern. it has been knocked back. this one is tough, though. because if reality. a buck and a quarter today. i think it hasn't fallen far enough to match the potential new-found weakness in coal. but you know what might be a compelling buy? you know, technology. listen to this. this company has already tempered expectations at a talk of a recent gig. when you temper expectations leak aerospace and commercial construction as united technologies is, i think you got a terrific set ofup for higher prices. aerospace is hot. remember hvac, otis elevators. after the close wednesday, we hear from netflix. this stock has
ibm. because it has disappointed so badly. i think the company needs to layout a very positive view of the whole of 2014 to get back on track. the only reason the stock is lower is warren buffet. we want diminished expectations. does anyone expect anything better, coach, yet, you know what, the stock is still well off its lows, it hasn't fallen like michael kors him so i'd be careful. we also get results from norfolk southern. it has been knocked back. this one is tough, though. because if...
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Jan 21, 2014
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ibm, johnson & johnson. the viewers have to remember that the dow is weighted far differently than all the others. everybody else is weighted by capitalization. the dow is primarily weighted by price. so if, for example, johnson & johnson is down 2 1/2 points, that's 20 points on the dow. so you get five stocks down 20 points we're down 100. you can make some comparisons. theories around that there was some sharp futures trade after 11:00. that didn't seem to impact things because the s&p is down far less than the dow is right now. >> right. there had been some talk about 1840 being an interesting technical level. had we already not been passed that point? >> yeah and no. i think, now, again, not to belabor the point, if you look at friday when the dow was up, you had two stocks that contributed 75 points to a dow that was up only 31. with the changes they made in the dow, it is somewhat over leveraged right now. and -- >> because of those prices? >> yeah. if you put very high price stocks in -- the weight s
ibm, johnson & johnson. the viewers have to remember that the dow is weighted far differently than all the others. everybody else is weighted by capitalization. the dow is primarily weighted by price. so if, for example, johnson & johnson is down 2 1/2 points, that's 20 points on the dow. so you get five stocks down 20 points we're down 100. you can make some comparisons. theories around that there was some sharp futures trade after 11:00. that didn't seem to impact things because the...
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Jan 17, 2014
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we hear from a company that has about the lowest expectations out there, ibm. it has disappointed so badly. i think they need to layout a positive view of the whole of 2014 to get back on track. the only reason the stock isn't lower is warren buffett. you want diminished expectations, does anyone expect anything terrific to happen at coach? the reports on wednesday, frankly i don't think so. you know what? the stock is well off lows and haven't fallen like michael kors. i would be careful with coach. we also get reports from norfolk southern. this one is tough, it rallied about a buck and quarter today. i think it hasn't fallen far enough to watch the potential new found weakness in coal. what might be a compelling buy. united technologies. listen, this company is already tempered expectations at a talk it recently gave. when you have tempered expectations to commercial construction, as united technologies is, i think you've got a terrific setup for higher prices because i think commercial construction is coming back. remember otis elevators sfl we hear from ne
we hear from a company that has about the lowest expectations out there, ibm. it has disappointed so badly. i think they need to layout a positive view of the whole of 2014 to get back on track. the only reason the stock isn't lower is warren buffett. you want diminished expectations, does anyone expect anything terrific to happen at coach? the reports on wednesday, frankly i don't think so. you know what? the stock is well off lows and haven't fallen like michael kors. i would be careful with...
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Jan 23, 2014
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. >> ibm wants out. is it a good price? ibm will take what they can get. >> i think it's fair for everybody. it sets ibm up, hopefully, to get out from where they've been the past couple quarters. >> is it all part of the plan? >> you were afraid to say that, weren't you? >> if we had someone from the administration, we could ask them. >> netflix reported above expectations. investors encouraged by the news that netflix added more than 2.3 million subscribers during the quarter. >> jamie dimon sitting down with us for an exclusive interview. among the topics, i asked him if the stock market is out over its skis relative to where we are on the real economy. >> sometimes the stock market tells you about the future. a lot of smart people buying and selling something. looking into 5,000 or 8,000 individual companies saying i feel good about that. that is a reflection sometimes on the american economy and what people think. the american economy, no one predicts the future. but i believe the sun, the moon and the stars are inlooi
. >> ibm wants out. is it a good price? ibm will take what they can get. >> i think it's fair for everybody. it sets ibm up, hopefully, to get out from where they've been the past couple quarters. >> is it all part of the plan? >> you were afraid to say that, weren't you? >> if we had someone from the administration, we could ask them. >> netflix reported above expectations. investors encouraged by the news that netflix added more than 2.3 million subscribers...
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Jan 21, 2014
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remember, ibm has no pc businesses and that's one of the weaknesses after the bell. also no revenue growth, no cash flow, no cash flow expansion. fourth positive theme for 2014, more mergers and acquisitions than last year. of course, other than a couple of very large deals, notably heinz and verizon buying the rest of verizon wireless from vodafone, m&a was a bust last year. i know, because i read the deal every day and it looked mighty thin. cyberthin. however, this year, we are already having a potential bidding war for time warner cable. a reminder of the time when foreign companies wanted more exposure to a growing u.s. market. they could be precursors. this m&a theme could help investment bankers like goldman sachs. being number five for the new year, the long-standing troubles with the banks are now winding down, and being replaced with a rewarding focus on net interest margins. for two years, as mortgages made a comeback, the bank stocks were duds. people didn't want that, the analysts kept waiting for the far more lucrative net interest margin, with banks ma
remember, ibm has no pc businesses and that's one of the weaknesses after the bell. also no revenue growth, no cash flow, no cash flow expansion. fourth positive theme for 2014, more mergers and acquisitions than last year. of course, other than a couple of very large deals, notably heinz and verizon buying the rest of verizon wireless from vodafone, m&a was a bust last year. i know, because i read the deal every day and it looked mighty thin. cyberthin. however, this year, we are already...
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Jan 23, 2014
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or ibm? or ge? because that's the way it's acting today. >> absolutely not. but what investors should be focused on is how long their investment horizon is, and that reality should dictate what they're doing. a very short term time horizon, probably should be also nervous. not because of this necessarily, but because we have potential negative catalysts coming in the next few weeks. i don't think investors are focused on another debt ceiling debate. >> what are the catalysts? >> potential for a debt ceiling debate. yesterday the secretary to the treasury sent a note to congress informing them we will hit our limit february 7th. not too far away. and while there's a much more conciliatory tone in washington, d.c. these days, there is that potential for some significant jitters. >> and certainly secretary in davos talking to the "squawk on the street" team saying avoid further self-inflicted wounds and alluding to that. quickly, michael, what we're seeing around the world right now, what we're seeing here in the united states with the markets, is there any pote
or ibm? or ge? because that's the way it's acting today. >> absolutely not. but what investors should be focused on is how long their investment horizon is, and that reality should dictate what they're doing. a very short term time horizon, probably should be also nervous. not because of this necessarily, but because we have potential negative catalysts coming in the next few weeks. i don't think investors are focused on another debt ceiling debate. >> what are the catalysts?...
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Jan 23, 2014
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we saw what happened with ibm. >> goldman sachs, verizon. a whole group of stocks. >> they all had great moves. a lot are trading off their 52-week highs. there's a lot less air at the top as there is at the bottom. so you can see a lot of move very quickly. a little bit of a miss. doesn't mean that their business model is wrong. just means they missed. >> are you buying this down move yet? >> not yet. i'd still like to see another 5%. we still have some room to go. if you look at the market down 2% today, i think if you get maybe 3.5, 4% more, then there's a buying opportunity. i'd like to be involved. >> okay. good to see you. peter costa, empire execution. the dow is off itself l low in session. now stay tuned for what could be some market-moving earnings reports from microsoft and starbucks. that's coming up on the second hour of "the closing bell" with kelly evans and an all-star panel today coming up. see you tomorrow, kelly. >>> thank you, bill. welcome to "the closing bell" on a tough day for markets. i'm kelly evans. here's how we'r
we saw what happened with ibm. >> goldman sachs, verizon. a whole group of stocks. >> they all had great moves. a lot are trading off their 52-week highs. there's a lot less air at the top as there is at the bottom. so you can see a lot of move very quickly. a little bit of a miss. doesn't mean that their business model is wrong. just means they missed. >> are you buying this down move yet? >> not yet. i'd still like to see another 5%. we still have some room to go. if...
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Jan 21, 2014
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ibm is out with earnings after the bell. and g.e., citi removed general electric from its focus list separately. tyler, in keeping with what they want to do, focusing on acquisitions primarily in the energy space. >> mary, thank you. >>> shares of delta airlines soaring to new 52-week highs today as you will see on the chart right there, up 95 cents at $32.02. over the past year, up 135%. the carrier beating earnings estimates, reporting 65 cents a share in the fourth quarter. that was two pennies ahead of expectations. revenue also beat the forecast, rising 5.5% from a year ago to some $9 billion. the stock up 135.5% over the past year. where do analysts stand on delta? that's a shutout right there, folks. 15 have a buy, no sells, no holds. sue? >>> as you know, winter storm janice is hitting the east coast really hard from washington all the way up new england. it's messing up the airline schedules all over the u.s. we have the managing partner of airline weekly from a very beautiful, sunny fort lauderdale. thanks for rubb
ibm is out with earnings after the bell. and g.e., citi removed general electric from its focus list separately. tyler, in keeping with what they want to do, focusing on acquisitions primarily in the energy space. >> mary, thank you. >>> shares of delta airlines soaring to new 52-week highs today as you will see on the chart right there, up 95 cents at $32.02. over the past year, up 135%. the carrier beating earnings estimates, reporting 65 cents a share in the fourth quarter....
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Jan 17, 2014
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ibm shares up $1.50. ashley: turning to the commodities market, fox business contributor phil flynn of price futures group, gold among the standouts still on track for a weekly drop. jeff: it is knocking on the doors of the top and it may take out those weekly highs right now and a lot of momentum today, you had fed officials today talking this economy may need more stimulus, that comes a day after christine legarde warned xerox about the possibility, heating up the market but what has been really heating up the market is the incredible physical demand in this market. shanghai gold delivery doubled from a year ago and up dramatically as demand in asia t in the united states. the gold supply hit a record low so somebody's buying gold, may not be the investors but the physical demand is going crazy. the other thing is other precious-metals, silver jumping up right now and platinum and palladium, possibility of another strike in south africa that could tighten supplies and we are already worried about a supp
ibm shares up $1.50. ashley: turning to the commodities market, fox business contributor phil flynn of price futures group, gold among the standouts still on track for a weekly drop. jeff: it is knocking on the doors of the top and it may take out those weekly highs right now and a lot of momentum today, you had fed officials today talking this economy may need more stimulus, that comes a day after christine legarde warned xerox about the possibility, heating up the market but what has been...
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Jan 17, 2014
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ibm plans to invest more than $1.2 billion to build up to 15 new data centers across five continents. the company want today's expand its cloud services and reach new clients and markets. google is unveiling a contact lens that monitors glucose levels in tears. it could help millions of diabetics who currently have to jab their finger to draw blood as many as ten times a day. google says advice will take to five years before it could reach consume. >>> in washington news, president obama will be giving a long-awaited speech on surveillance and overhauling the nsa today. this address comes after a six-month review of the spying programs. the speech is scheduled for 11:00 a.m. eastern. >>> up next on "squawk box," we have housing starts and building permits. and then he was an early investor in apple. office depot and other business successes. alan patricof talks venture capital, live from the "squawk" power breakfast sat the regency hotel. as we go to a break, things have turned down this morning. s&p futures off by one. mine was earned orbiting the moon in 1971. afghanistan, in 2009.
ibm plans to invest more than $1.2 billion to build up to 15 new data centers across five continents. the company want today's expand its cloud services and reach new clients and markets. google is unveiling a contact lens that monitors glucose levels in tears. it could help millions of diabetics who currently have to jab their finger to draw blood as many as ten times a day. google says advice will take to five years before it could reach consume. >>> in washington news, president...
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Jan 22, 2014
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dow down 33 points thanks to ibm shares down 3.25% on their earnings news. nasdaq up 5. s&p up by a fraction. ebay and netflix report after the closing bell at a. >> thank you, jason brooks from kcbs news. >>> time to check traffic. >> we are doing well. we are still watching this big problem though in the north bay. most of the commutes are doing okay. the big problems are in marin county for san rafael drivers. there is an accident along 101 southbound 101 between lucas valley and freitas. so the right lane is shut down but this car hit a power pole and now pg&e is reporting over 2500 pg&e customers without power. so just remember if you are a north bay driver you noticed a black-out intersection, treat that as a four-way stop. very slow on 101 with the south 101 delay now extending to alameda del prado. no big problems between the waldo tunnel and san francisco. the bay bridge commute, there are backups at the toll plaza. the metering lights are on right now and traffic is backed up beyond the 880 overcrossing. it's also been delayed for the altamont pass. there's an
dow down 33 points thanks to ibm shares down 3.25% on their earnings news. nasdaq up 5. s&p up by a fraction. ebay and netflix report after the closing bell at a. >> thank you, jason brooks from kcbs news. >>> time to check traffic. >> we are doing well. we are still watching this big problem though in the north bay. most of the commutes are doing okay. the big problems are in marin county for san rafael drivers. there is an accident along 101 southbound 101 between...
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Jan 15, 2014
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big banks, you've got ge, you've got ford, you've got, you know, companies that have -- you've got ibm, you've got companies that go back, think about, you know, ford would be one of the youngest companies in the index because it's barely over 100 years old, right? so, i think marty's point's a good one. these companies to be alive and thriving in the 21st century, they have gone through cycles of reinvention and just gotten smarter and better and expanded their businesses and no matter how we cut the back-test, the indexes outperformed. >> you are one of the top ten mutual funds in the united states and you see a lot of fund flows. unusual start to the year. what can you tell us about the you what are seeing at invesco? >> still too early but i think there was some excitement last year. you started to see minds change and confidence coming into the market and people moving into equities, what we're hearing from clients and what we're still seeing is some caution before the run-up but if you look out one years, two years, there's real still appetite in the equity market. international
big banks, you've got ge, you've got ford, you've got, you know, companies that have -- you've got ibm, you've got companies that go back, think about, you know, ford would be one of the youngest companies in the index because it's barely over 100 years old, right? so, i think marty's point's a good one. these companies to be alive and thriving in the 21st century, they have gone through cycles of reinvention and just gotten smarter and better and expanded their businesses and no matter how we...
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Jan 23, 2014
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you said that ib mks had signed on to be a customer for your ultradim product lenovo now taking over ibm's x-86 server business. how is server come modization going to affect you going forward? is that an opportunity to sell more for could that hurt you? >> ultradim is an example of a product that we just recently announced. shows unique position in the market. it's very innovative product that really makes access to data through the servers in the data centers faster and highly reliable. this is a market that's a great example of our eco system and the servers storage, market is going to be a strong growth segment. flash really brings a strong value proposition to this market because it enables highly reliable, fast, data storage and the word today is really about all content. internet of things leading to big data, leading to a lot of need for data creation, data consumption, data analysis. and flash is really playing a key part being disruptive in the segment of the market. >> sanjay, i wonder if sandisk might be an interesting way to play against some other trends. we see a slow down i
you said that ib mks had signed on to be a customer for your ultradim product lenovo now taking over ibm's x-86 server business. how is server come modization going to affect you going forward? is that an opportunity to sell more for could that hurt you? >> ultradim is an example of a product that we just recently announced. shows unique position in the market. it's very innovative product that really makes access to data through the servers in the data centers faster and highly reliable....
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Jan 15, 2014
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great strengths, which is why it's constantly being reported like by "the economist" as well as other ibm as one of the best economically competitive cities in north america as let alone the world. we have o'hare airport. you can get anywhere in the world, anywhere in the country directly. that's essential. just yesterday a company moved their corporate headquarters from iowa to chicago because they can get clients anywhere. the private sector can't put an airport like that. the private sector can't do the type of job training, universities we're doing. what we can do and what we also have to be sensitive from the business side is not just overreach, we have to give them certainty in the public sector and the leadership so they have the confidence to make that investment. and we often, sometime in the public sector, overreach, create uncertainty and that's not a reassuring quality for the private sector. >> you're not going to mention any names here. >> no. my comment is -- yeah, but my comment to you is, on both sides, my comment is there's a misnomer that business is against government.
great strengths, which is why it's constantly being reported like by "the economist" as well as other ibm as one of the best economically competitive cities in north america as let alone the world. we have o'hare airport. you can get anywhere in the world, anywhere in the country directly. that's essential. just yesterday a company moved their corporate headquarters from iowa to chicago because they can get clients anywhere. the private sector can't put an airport like that. the...
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Jan 17, 2014
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. >> ibm. >> now you go to google. >> went to bell labs. they had so many nobel laureates and now you go to google. they have a lot of people on campus. >>> we'll get 6 in 60 in a minute. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. >>> all right. 6 in 60 with jim, 6 stocks in 60 minutes. start with dek. >> they take turns defending dek and a huge seller in the marketplace. who the heck knows. >> pioneer. >> this stock has been a horrendous performer. i still believe it has a lot of oil in the permian but people are skeptical. >> what's the take on nu skin today? >> hearing more regulatory action in china. thank you, herb greenberg, for getting people ou
. >> ibm. >> now you go to google. >> went to bell labs. they had so many nobel laureates and now you go to google. they have a lot of people on campus. >>> we'll get 6 in 60 in a minute. so i c an reach ally bank 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well,...